Canadian tender won

RNS Number : 9280S

Deltex Medical Group PLC

14 July 2015

 

14 July 2015

Deltex Medical Group plc

("Deltex Medical", "the Company" or "the Group")

Canadian tender won

Deltex Medical, the global leader in oesophageal Doppler monitoring ("ODM"), announces today that it has won its first important competitive tender in Canada.

The tender, which the Company originally expected to be awarded in the second half of 2014, is expected to generate revenues in the second half of 2015 and to enable the Company to establish its first reference account in Canada. The first monitor order under the tender has been received.

The tender is initially for three years and covers a number of hospital systems across a single province.

Ewan Phillips, Deltex Medical's Chief Executive, commented:

"This tender win is a key step in our plan to develop our business in Canada. It gives us the opportunity to build on successful evaluations and develop our first fully established Canadian reference account."

For further information, please contact:-

Deltex Medical Group plc	01243 774 837 [e-mail]
Nigel Keen, Chairman
Ewan Phillips, Chief Executive
Barry Curtis, Company Secretary
Nominated Adviser & Broker
Arden Partners plc	020 7614 5900
Chris Hardie
Joint Broker	020 7533 7727
Zeus Capital Limited
Phil Walker
Dominic Wilson
Financial Public Relations
Newgate	020 7653 9850
Tim Thompson
Robyn McConnachie
Ed Treadwell

Notes for Editors

Deltex Medical manufactures and markets haemodynamic monitoring technologies. Deltex Medical's ODM is the only technology to measure blood flow in the central circulation in real time. Minimally invasive, easy to set up and quick to focus, the technology generates a low-frequency ultrasound signal, which is highly sensitive to changes in flow and measures them immediately. Deltex has been the only company in the enhanced haemodynamic space to build a robust and credible evidence base proving the clinical and economic benefits of its core technology, ODM. Randomised, controlled trials using Doppler have demonstrated that early fluid management intervention will reduce post-operative complications, reduce intensive care admissions, and reduce the length of hospital stay.

During 2013, the Company launched the CardioQ-ODM+ monitor that offers clinicians both of the two best-established technologies, Deltex Medical's ODM technology as well as Pulse Pressure Waveform Analysis ('PPWA') in one monitor. This allows clinicians to have unique real time insights into each of flow, pressure and resistance, the three pillars of haemodynamics.

Company goal

ODM is increasingly recognised as a standard of care for patients undergoing major surgery and in critical care. The broader clinical area of haemodynamic management of which ODM is a core constituent is also now becoming widely accepted as an important major new medical modality. Consequently, the Company's focus is on maximising value from the opportunities presented as enhanced haemodynamic management is adopted into routine clinical practice around the world.

The Company is currently in the implementation phase of achieving this goal in a number of territories worldwide, operating directly in the UK, USA, Spain and Canada and through distribution arrangements in a further 30 countries.

There are over 3,200 monitors installed in hospitals around the world and over 600,000 patients have been treated to date using Deltex Medical's single patient disposable probes.

 

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